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Chinese chipmaker SMIC to invest USD8.87 billion in new semiconductor plant in Shanghai

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Corporate developments

The new plant in Shanghai will produce about 100,000 12-inch wafers per month

According to a press release published on Yahoo News on 3 September, China's largest chipmaker SMIC announced plans to invest USD8.87 billion in a new semiconductor plant in Shanghai, as Beijing grapples with a US blacklist and a global chip shortage.

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